Virgin Money UK (LON:VMUK – Get Rating) had its price target dropped by research analysts at Barclays from GBX 230 ($2.85) to GBX 200 ($2.47) in a research report issued on Friday, MarketBeat Ratings reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 28.39% from the stock’s current price.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada restated a “sector perform” rating and set a GBX 205 ($2.54) target price on shares of Virgin Money UK in a report on Wednesday, April 12th. JPMorgan Chase & Co. raised their target price on shares of Virgin Money UK from GBX 180 ($2.23) to GBX 200 ($2.47) and gave the company a “neutral” rating in a report on Thursday, February 2nd. Berenberg Bank raised their target price on shares of Virgin Money UK from GBX 170 ($2.10) to GBX 195 ($2.41) and gave the company a “hold” rating in a report on Friday, February 3rd. Shore Capital reiterated a “buy” rating on shares of Virgin Money UK in a report on Wednesday, February 1st. Finally, Citigroup reiterated a “buy” rating on shares of Virgin Money UK in a report on Friday, March 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Virgin Money UK has a consensus rating of “Hold” and an average target price of GBX 206 ($2.55).
Virgin Money UK Price Performance
Shares of VMUK stock traded up GBX 0.78 ($0.01) during mid-day trading on Friday, hitting GBX 155.78 ($1.93). The stock had a trading volume of 1,039,660 shares, compared to its average volume of 2,059,822. The company’s 50-day simple moving average is GBX 159.46 and its 200-day simple moving average is GBX 163.59. The firm has a market cap of £2.13 billion, a PE ratio of 421.01, a PEG ratio of -0.56 and a beta of 1.99. Virgin Money UK has a fifty-two week low of GBX 1.46 ($0.02) and a fifty-two week high of GBX 200 ($2.47).
Virgin Money UK Company Profile
Virgin Money UK PLC provides banking products and services for consumers, and small and medium sized businesses under the Clydesdale Bank, Yorkshire Bank, and Virgin Money brands in the United Kingdom. The company offers savings and current accounts, mortgages, credit cards, and home loans; business loans, overdraft facilities, treasury solutions, and corporate and structured finance; asset and invoice finance services; risk management; international trade services; and home, car, and life and critical illness insurance products.
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